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Also Read: Chandrayaan 3: A glossary of words you need to know This year, the Sanskrit Diwas falls on Thursday, August 31. The purpose of this day's celebration is to raise awareness and advocate for Sanskrit, one of India's oldest and ancient languages. Here are 10 English words derived from Sanskrit.

Bitcoin (BTC) has broken its downward trend and surged above the $27,000 mark, marking an impressive comeback after two weeks. However, this surge can be attributed to a legal victory for Grayscale in the United States. 

China is readying a fresh digital yuan adoption push ahead of next month’s Asian Games, with the nation ready to show off its CBDC to a large international audience for the first time.

The sector will tap into a revenue pool of around $70 billion, out of the overall financial services revenue pool of $620 billion by FY2030, according to The Bottomline: Elevation Fintech Report 2023. With over 9,000 fintech startups, India now has the world’s third largest fintech ecosystem after the US and UK, it added. The report, published by Elevation Capital and consultancy major McKinsey India on Wednesday, was compiled after interviews with over 20 industry leaders and a survey of more than 70 fintech founders and industry experts. Elevation Capital, earlier known as Saif Partners, has invested in startups like payment major Paytm, insurtech unicorn Acko, lending startup Axio (previously Capital Float), neobank Fampay, buy now pay later player Uni and others. Around $70 billion to $80 billion each have been pumped into retail lending and digital payments. SME lending as a sector has attracted around $55 billion while wealth management has brought in $40 billion to $45 billion, the report said. Between 2018 and 2022, equity infusion has gone up to $6 billion from around $2 billion, the report found.

Dunzo Digital Pvt Ltd, the Reliance and Google-backed quick commerce startup, has pushed pending employee salary payments of June and July to October, according to a person familiar with the development. The cash-strapped startup has been trying to raise atleast $75 million to upto $150 million in fresh capital from existing and new investors, Mint reported earlier this month.

₹25,000 or above. The company seeks to cash in on the growing inclination among fashion-savvy consumers to showcase and invest in branded timepieces, said a senior executive of the company. As India’s largest retailer of watches and jewellery brands, Titan has a network of over 1,000 exclusive watch outlets.

CNN is bringing in a former chief executive of the BBC and The New York Times in an attempt to turn around a news organization that has burned through two leaders and bled viewers over the past two years. fired in June, and a four-person team that had been running CNN in the interim. Thompson, who left the Times in 2020 after eight years as that company's president and CEO, is credited with transforming it to a digital-first organization more dependent on paid subscribers than the collapsing advertising market that has doomed many newspapers.

Global IndiaAI 2023 in October this year which will see participation from leading AI players, researchers, startups and investors from India and across the world. The conference will cover topics including next-generation learning and foundational AI models, AI's applications in healthcare, governance, next-gen electric vehicles, future AI research trends, AI computing systems, investment opportunities, and nurturing AI talent, MeitY said in a statement on Wednesday.Rajeev Chandrasekhar, minister of state for electronics and information technology, will chair the conference's steering committee which will shape the contours of the Global IndiaAI 2023. It draws members from MeitY’s Digital Economy Advisory group and other prominent leaders in the field. Chandrasekhar emphasised that the government's vision is to gather the world's best and brightest minds under one roof to deliberate the future of AI and its impact in several sectors. «The Global IndiaAI 2023 conference is tentatively planned for October 14/15.

₹48,390 crore in IPL (Indian Premier League) rights for the 2023-27 cycle. That included ₹23,575 crore from Disney Star (TV rights) and ₹23,757 crore from Viacom18 (exclusive digital rights). Later, when the ICC (International Cricket Council) auctioned its rights for four years, Disney Star was in the thick of action again, picking up the rights for $3.03 billion.

Blockchain tech company Paxos published a blog post on Tuesday illustrating how Web3 can empower enterprises in the financial sector, and kickstart a “new era” of digital sovereignty.

Digital healthcare platform provider MediBuddy on Wednesday said it has raised additional funding of $18 million from existing investors Quadria Capital, Lightrock and TEAMFund. The current funding round is in continuation of the Bengaluru-based startup’s series C fundraise of $125 million in February 2022. The funds will be used to fuel the company’s growth and expansion plans through strategic acquisitions, as per a statement. “A formidable portion of these funds shall be meticulously channelled into strategic acquisitions and fortifying its existing offerings, harmonising with MediBuddy's visionary trajectory and enabling exponential growth,” the statement read. MediBuddy offers online and offline doctor consultations, medicine delivery, lab tests at home, mental health consultations, surgery care among other healthcare services. Founder and CEO Satish Kannan said MediBuddy has been growing at a compound annual growth rate (CAGR) of 95.5% over the past three years.

Jan Dhan Yojana (PMJDY) accounts and facilitate storage facility for apple growers in Jammu & Kashmir and Himachal Pradesh. At a review meeting of the RRBs of the Northern region in the capital, Sitharaman said that banks should map RRBs with MSME (micro, small & medium enterprise) clusters and put greater thrust on increasing the network of rural branches in cluster areas identified by the Ministry of Micro, Small & Medium Enterprises.

India and worldwide, the statement said. «The Global IndiaAI 2023 conference is tentatively planned for October 14 and 15 and it will bring together the best and brightest in AI from India and around the world,» Minister of State for Electronics and IT, Rajeev Chandrasekhar said. He said that the summit is expected to evolve and become a must-attend event on the annual calendar of the Global AI industry, startups, practitioners, researchers and students. «What makes India so attractive for AI is the diversity of it. Our diversity will be an addition to the quality of data sets for any large language model or any AI learning model.

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CNN is bringing in former New York Times and BBC leader Mark Thompson in an attempt to turn around its fortunes

Warner Bros Discovery named Mark Thompson as CEO of CNN on Wednesday, tasking the former New York Times and BBC chief with reviving a news network beset by sagging ratings and falling profits.Thompson succeeds Chris Licht, who stepped down in June after a rocky one year at the helm that included a divisive town hall with former Republican U.S. President Donald Trump and the shutdown of CNN+ streaming service just weeks after its launch. With Thompson, 66, Warner Bros Discovery is turning to an executive with ample experience at the top level, unlike Licht — a former TV producer who had worked on «The Late Show With Stephen Colbert.» During his 8-year tenure as the CEO of the Times, Thompson helped transform the Gray Lady into a beacon for newspapers in the internet age by focusing on digital subscriptions. The Times' share price grew nearly five-fold in the period, widely outperforming the benchmark S&P 500 index. «Mark is a true innovator who has transformed for the digital age two of the world's most respected news organizations,» Warner Bros Discovery CEO David Zaslav said in a statement. A big focus area for Thompson is likely to be the recently announced round-the-clock news service called CNN Max, which will be available on Warner Bros Discovery's streaming platform. CNN Max is looking to capitalize on the immediacy of breaking news and analysis, differentiating it from CNN+, which featured lifestyle programs. The news network's ratings have been sagging, even as the company attempts to attract more Republican viewers. Its profit fell under $1 billion in 2022 and is expected to be modestly higher this year than last, at $938.6 million, according to data from S&P Global Market Intelligence.

Check out the companies making headlines before the bell.

A report from the United Nations Human Rights Office revealed that “hundreds of thousands of people” across Southeast Asian countries are being “forced” by organized criminal gangs to engage in online scams including cryptocurrency frauds and illegal gambling schemes.

U.S. officials say the FBI and its partners in Europe infiltrated and seized control of a major malware network that was used for more than 15 years to commit a gamut of online crimes including crippling ransomware attacks

At least 11 people are suspected to be involved with a loan scam that allegedly drove a man to kill his wife and two young boys before trying to take his own life in their family home, Thai police said Wednesday

The $17.4 billion Grayscale Bitcoin Trust rallied the most since July 2021 after a US court ruling potentially paved the way for the vehicle to convert into an exchange-traded fund.